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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Which of the following is not the salient feature of bank reconciliation statement? - Accountancy

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Question

Which of the following is not the salient feature of bank reconciliation statement?

Options

  • Any undue delay in the clearance of cheques will be shown up by the reconciliation

  • Reconciliation statement will discourage the accountant of the bank from embezzlement

  • It helps in finding the actual position of the bank balance

  • Reconciliation statement is prepared only at the end of the accounting period

MCQ
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Solution

Reconciliation statement is prepared only at the end of the accounting period

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Chapter 8: Bank Reconciliation Statement - Multiple choice questions [Page 171]

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Samacheer Kalvi Accountancy [English] Class 11 TN Board
Chapter 8 Bank Reconciliation Statement
Multiple choice questions | Q I 7. | Page 171

RELATED QUESTIONS

Answer in one sentence:

Who prepares a bank Pass Book?


Do you agree or disagree with the following statement:

Bank Reconciliation Statement is prepared only during the year end.


A bank reconciliation statement is prepared to know the causes for the difference between:


When money is withdrawn from bank, the bank ______.


Give any two expenses which may be paid by the banker as per standing instruction.


From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.

  1. Credit balance as per Pass Book ₹ 20,000
  2. A cheque for ₹ 3,500 was issued and paid by bank, recorded in Pass Book as ₹ 5,300.
  3. Cheque deposited ₹ 9,700 collected by bank was not recorded in Cash Book.
  4. Payment side of Cash Book was undercast by ₹ 100.
  5. Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book.

From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.

  1. Credit balance as per Pass Book ₹ 20,000
  2. A cheque for ₹ 3,500 was issued and paid by bank, recorded in Pass Book as ₹ 5,300.
  3. Cheque deposited ₹ 9,700 collected by bank was not recorded in Cash Book
  4. Payment side of Cash Book was undercast by ₹ 100.
  5. Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book

From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.

  1. Credit balance as per Pass Book  ₹ 20,000.
  2. A cheque for ₹ 3,500 was issued and paid by bank, recorded in Pass Book as ₹ 5,300.
  3. Cheque deposited ₹ 9,700 collected by bank was not recorded in Cash Book.
  4. Payment side of Cash Book was undercast by ₹ 100.
  5. Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book.

From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.

  1. Credit balance as per Pass Book ₹20,000.
  2. A cheque for ₹3,500 was issued and paid by bank, recorded in Pass Book as ₹5,300.
  3. Cheque deposited ₹9,700 collected by bank was not recorded in Cash Book.
  4. Payment side of Cash Book was undercast by ₹100.
  5. Electricity bill paid by bank ₹6,200 was recorded twice in Pass Book.

From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.

  1. Credit balance as per Pass Book ₹ 20,000.
  2. A cheque for ₹ 3,500 was issued and paid by bank, recorded in Pass Book as ₹ 5,300.
  3. Cheque deposited ₹ 9,700 collected by bank was not recorded in Cash Book.
  4. Payment side of Cash Book was undercast by ₹ 100.
  5. Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book.

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